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SunPower
SunPower is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company purchased a controlling interest in SunPower for  billion in 2011. The company previously developed and manufactured photovoltaic panels, before spinning off that part of its business off in 2020 as Maxeon Solar Technologies. The company was also previously marketed its products to commercial and industrial customers before agreeing to sell that business line to TotalEnergies in February 2022. History Early history SunPower was founded on April 24, 1985, by Richard Swanson, who was a St ...
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Richard Swanson
Richard Swanson (born 1945) is an American electrical engineer and businessman, retired founder of SunPower, a solar photovoltaic cell manufacturer. Biography Swanson was born in Davenport, Iowa in 1945. He graduated in 1969 with Bachelor of Engineering and Master of Engineering degrees from Ohio State University and, in 1975, received a Doctor of Philosophy in electrical engineering from Stanford University. He then joined the university faculty at Stanford and began research in solar cell technology. In 1985 Swanson received grants for his solar energy research from the Electric Power Research Institute and the U.S. Department of Energy. That same year he founded SunPower Corporation. Swanson is credited for creating Swanson's law, an observation that solar cell prices decline by 20% for every doubling of solar panel industry capacity. The law is often compared to the better known Moore's Law. While Swanson is more frequently associated with Gordon Moore because of th ...
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